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Uncle is a silent partner and cousin (he) has been running the company. My Uncle is converting the LLC from a partnership (90% he owns/10%cousin owns) to a single member LLC. My Cousin applied for the EIN and asked me to transfer it to my Uncle. Not sure how or why if the EIN is listed as the LLC. My Uncle is continuing the business and my cousin is starting another business (same one we currently have but with a different partner). Cousin is trying to hurry me up to do an amendment to remove him from the LLC while I am trying to investigate the situation. If my cousin signs off the amendment of removal and so do my Uncle, will he still be responsible to the LLC and payroll taxes?
I think I have mislead you, Uncle is staying with the business, cousin is leaving the business to start another company. So cousin is being removed and uncle is staying. Sorry for the confusion.
I would like to know asap so I can make my next move.
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